Analyze your Failures to Learn More

Discussion in 'General Discussions' started by annysteven, Jan 11, 2018.

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    annysteven New Member

    Jan 11, 2018
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    As a new trader, it is expected that you will make the loss in your accounts. We are not saying that you are a bad trader and you do not know that, what we are saying is all the traders lose in Forex. This market is not easy and you have to practice in your demo accounts to make your money. The brokers are not your friends and you have to understand that they have given those demo accounts for a reason. If you think like the other traders and try to make your profit without demo practicing, you will not be successful traders. There are lots of traders who are practicing in demo accounts but they are still making money in live accounts. We cannot say that these people are not trading ion demo accounts. These people are losing because they do not analyze their mistakes and failures in Forex. There is no shame if you want to know what you have done wrong in Forex. It will not take time and you can avoid making the same mistakes again in future. This article will you what are the importance of analyzing your failures. You should not be only indulged in your victory; you also need to know your failures. This article wilt tells you why you should not try to hide your failures and try to improve yourself in markets.

    Practice makes a man perfect

    We all know the proverb that without practicing hard we can’t master any new things. When it comes to financial instrument trading you have to very concern about your investment. If you look at the successful traders at Saxo then you will be surprised to see that every single one of them has demo traded the market. You might have a huge amount of money but this doesn’t mean that you will have to risk your real money in the early stage of your trading career. Making yourself successful in the financial market is one of the most complex tasks in the whole world. You have to read a lot to become successful in trading.

    If you really believe that trading is the right profession for you then you need to open a demo trading account with the high-class broker like Saxo. First of all, learn about the market dynamics and assess your trading mistake. Try to solve your trading problem by analyzing your big mistake and you will see a dramatic improvement in your trading career.

    Analyzing failures makes you a better trader

    If you are thinking how much success can I be if I analyze my failures, you will be happy to know that traders who have analyzed their failures successfully are now trading the market professionally. Do not live in the wrong idea that you will become a good trader as you improve your career. You will need to trade the market with your knowledge and it will not be good if you are making the same mistakes. There are lots of traders in Forex who do not know how to trade the market and they make many mistakes. These people try to learn what they have done wrong in Forex and try to learn from their failures.

    It will not be successful in days but when you always analyze your failures, you will improve your career. You will be taking more trades and you will have a better chance of success in Forex. Traders who analyze their failures are more successful traders than traders who are only happy to make profits. You need to advance your career and it is not possible if you are not helping yourself. Know your mistakes and analyze the trades that went wrong. Some of the trades will be in market trends and some of them will be your mistakes. Try to know what you have done wrong and you can place better trades.

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